Question here for the 5min price action traders (I'm looking at you Kostas)
In the example below, where we get a retrace towards the 10ema within 1 bar on the 15min chart, it doesnt actually quite touch the level but then we get some price action on the 5min chart (dark cloud cover) which corresponds with the 10ema.
Would you enter at this point despite the fact that the 10ema on the 15min chart wasnt hit, as the 5min chart suggests the bounce has already taken place.
In the example below, where we get a retrace towards the 10ema within 1 bar on the 15min chart, it doesnt actually quite touch the level but then we get some price action on the 5min chart (dark cloud cover) which corresponds with the 10ema.
Would you enter at this point despite the fact that the 10ema on the 15min chart wasnt hit, as the 5min chart suggests the bounce has already taken place.